Record Thanksgiving air travel could boost U.S. airlines
NEW YORK (Reuters) – U.S. airline profits in the first nine months of 2017 fell 20 percent year over year, but the busiest Thanksgiving travel period in more than a decade could give carriers a boost, according to an industry trade group on Wednesday.
Ackman exits years-long Herbalife short bet, turns to options
(Reuters) – Activist investor William Ackman, who placed a $1 billion bet in 2012 that Herbalife Ltd’s stock price would tumble to zero, said on Wednesday his firm has capped losses by recently closing out its short position in the nutrition and suppl…
U.S. October sales of trucks, SUVs soar, car slump continues
DETROIT (Reuters) – Major automakers posted mixed U.S. new vehicle sales in October on Wednesday, though America’s love affair with high-margin pickup trucks and SUVs remained in full bloom as larger, pricier vehicles fared better than passenger cars.
Thomson Reuters revenue misses amid uncertainty in Europe
(Reuters) – Thomson Reuters Corp on Wednesday reported revenue below investor expectations as financial services clients in Europe and Britain held off on signing deals due to regulatory and political uncertainty.
Trucks, SUVs dominate in mixed U.S. October vehicle sales
DETROIT (Reuters) – Major automakers posted mixed U.S. new vehicle sales in October on Wednesday, though America’s love affair with high-margin pickup trucks and SUVs still bloomed as larger, pricier vehicles continued to fare better than passenger car…
U.S. factory activity index eases off 13-1/2-year high
WASHINGTON (Reuters) – A measure of U.S. factory activity retreated from a 13-1/2-year high in October as some of the boost from hurricane-related supply disruptions faded, but continued to point to strengthening manufacturing conditions.
New York Times beats profit view as digital subscribers rise
(Reuters) – The New York Times Co on Wednesday reported a better-than-expected quarterly profit, as it signed up more advertisers and subscribers for its digital publications, helping offset a slide in print sales.
Wall Street climbs on strong private jobs data, oil gains
(Reuters) – The three major U.S. stock indexes added to their recent record run on Wednesday, as energy shares gained from a jump in oil prices and financials rose after strong private jobs data.
Apple X factor: China buyers rapt by new iPhone, but will they buy?
SHANGHAI/BEIJING (Reuters) – Gu Xiaomeng, a 24-year-old primary school teacher in the eastern Chinese city of Suzhou, says she’s excited about the new iPhone X, set to go on sale on Friday. The challenge for Apple Inc is to persuade her to actually bu…
S&P, Nasdaq hit record on earnings, private jobs data
(Reuters) – The S&P and the Nasdaq opened at record highs on Wednesday, as better-than-expected private jobs data added to the upbeat sentiment following healthy third-quarter earnings reports.
